Finance Minister “Not Especially Worried” about Canadian Housing Market

Finance Minister “Not Especially Worried” about Canadian Housing Market

Despite continuing concerns of the housing market facing a correction, Finance Minister Joe Oliver says he is ‘not especially worried’ about the market, but is monitoring prices closely. Speaking to CNBC, Mr Oliver said that the Bank of Canada and the Canada Mortgage and Housing Corporation are both predicting a soft landing. Although some analysts, Goldman Sachs for example, are predicting a correction, others are more optimistic and the finance minster says that unemployment is a bigger threat to the economy than a housing crash. Read the full story.